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TheCloud API marketwas valued at US$ 295 million in 2016 and is projected to reach US$ 1,424 million by 2025, according to a new market research reportCloud API Market

Summary of the Report

Cloud API Market, By Organization Size (Small and Medium Enterprises and Large Enterprises), By End Users (BFSI, Healthcare, Hospitality, IT and Telecommunication, Media and Entertainment, Retail and Others) and by Geography -Global Forecast to 2025

Market Overview:

A Cloud Application Programming Interface (API) is a set of generic interfaces that allows the creation of services and programs used for the provisioning of internet-based computing infrastructures and computing devices. A cloud API may be loosely defined as the core element behind any public web service, application, or platform. It is an abstraction on top of an existing programming language, with the main intention being to allow the third-party program to access an internal data structure, process it into a form that can be communicated back to the client, while keeping any secrets that the provider has. The main advantage of using a cloud API for creating applications is that it makes it easier to exchange large amounts of data without having to deal with system processes or network connections. Using an API also helps developers avoid several security issues that they have to deal with when working on client-side programming.

Competitive Landscape:

Major players operating in the global cloud API market include Google Inc., Salesforce.com, Inc., Dell, Inc., CA, Inc., TIBCO Software Inc., SAP SE, Oracle Corporation, Microsoft Corporation, IBM Corporation, and Amazon Web Services, Inc.

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Key Market Drivers:

The increasing usage of cloud computing services in the world is the main factor that is expected to augment the growth of the global cloud API market. For instance, acceding to Microsofts reports, more than 714 million users are currently using its cloud computing service called Microsoft Azure, and more than 85% of Fortune 500 enterprises also use this service. Moreover, increasing product and service launches by key market players are expected to create propulsion in the global cloud API market.

Geographically, the report examines production, consumption, revenue, market share, growth rate, and forecasts for the following regions:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

Covid-19 Impact Analysis

Owing to the increasing lockdown measures imposed in several nations, everything during the COVID-19 pandemic became digital, including several delivery systems and services. Owing to this, different businesses made new strategies to include cloudy-computing in their day-to-day work, which increased the demand in the global cloud API market. For instance, according to Mint, in August 2021, Walmart announced to launch a new delivery service for other enterprises, which will be a similar strategy to the cloud computing unit of Amazon, called Amazon Web Services.

Some of the important questions answeredin this report include:

What are the top five Cloud API Market players?

What will the Cloud API Market look like in the following years?

Which product and application will dominate the Cloud API Market?

What are the Cloud API Markets drivers and restraints?

Which regional market will represent the highest growth?

What will be the CAGR and market size of the Cloud API Market over the forecast period?

What is the present market size, what will it be in 2029, and what will be the growth rate?

What are the constraints to market growth?

What market opportunities and risks do the key companies face?

Who are the main competitors, and what is their strategic approach?

What are the markets entry challengesfor new players?

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Detailed TOC of Cloud API Market Forecast Report:

1 Cloud API Market Overview

1.1 Product Overview and Scope of Cloud API Market

1.2 Segment by Type

1.3 Global Segment by Application

1.4 Global Market, Region Wise (2017-2022)

1.5 Global Market Size of Cloud API Market (2017-2029)

2 Global Cloud API Market Landscape by Player

2.1 Global Cloud API Market Sales and Share by Player (2017-2022)

2.2 Global Revenue and Market Share by Player (2017-2022)

2.3 Global Average Price by Player (2017-2022)

2.4 Global Gross Margin by Player (2017-2022)

2.5 Manufacturing Base Distribution, Sales Area and Product Type by Player

2.6 Market Competitive Situation and Trends

3 Cloud API Market Upstream and Downstream Analysis

3.1 Industrial Chain Analysis

3.2 Key Raw Materials Suppliers and Price Analysis

3.3 Key Raw Materials Supply and Demand Analysis

3.4 Manufacturing Process Analysis

3.5 Market Concentration Rate of Raw Materials

3.6 Downstream Buyers

3.7 Value Chain Status Under COVID-19

Market Scale and Segment Analysis:

Global Cloud API Market, By Organization Size:

Global Cloud API Market, By End Users:

Continue.

Key Takeaways

The size of the global cloud API market was estimated at around US$ 396.43 Million in the year 2018 and at a CAGR of 19.42% is estimated to reach around US$ 638.57 Million by the year 2026, owing to the increasing adoption of cloud-based computing services in several end-use sectors. For instance, according to Net Solutions, the Google cloud platform includes cloud computing, storage, and application services for several backend webs and mobile solutions using the internet. Over 4 million applications use and trust the platform.

North America is expected to hold a major share of the global cloud API market, owing to the increasing utilization of cloud computing services by enterprises in the region. For instance, according to the annual State of the Cloud Report for 2019 by Right Scale, around 91% of enterprises used public cloud, and around 72% used private cloud computing services. Moreover, the increasing prevalence of key market players in the region is expected to boost the growth of the market.

Asia Pacific is estimated to witness significant growth in the global cloud API market, owing to the increasing strategies of key market players for expanding their businesses in developing nations such as India. For instance, according to Indian Express Limited, in December 2020, the price of Google One cloud storage plans got a 50% price discount in India.

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The Global Cloud API Market Is Witnessing High Demand Owing To the Increasing Adoption of Cloud-Based Computing Systems in the World, Key Players ...